Bill lets companies avoid permanent bans for breaking finance rules.
S. 5140 — Digital Equities and No Automatic Disqualifications Act · Filed by Jim Justice (R-WV) · Introduced Jul 27, 2026 · Referred to committee
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What it does
This bill stops permanent bans for firms that break finance rules. Instead, the SEC and CFTC must make new rules. These rules let officials decide case-by-case if a firm should lose its license. Officials can look at reasons to soften the ban. People who work in finance still face permanent bans.
Who it affects
Financial firms and their investors are hit by this. Firms that break rules could stay in business instead of getting banned. Individual workers in finance still face permanent bans for the same rule-breaking.
One thing to notice
The bill treats firms and people differently. People get permanent bans for rule-breaking, but firms can ask officials to let them stay.
From the analysis of the bill text, linked under Primary records below.
Where it stands
- Jul 27, 2026 — Introduced · Congress.gov: “Introduced in Senate”
- Jul 27, 2026 — Referred to Senate Committee on Banking, Housing, and Urban Affairs · Congress.gov: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Words to know
- SEC — The Securities and Exchange Commission, the agency that makes rules for stock markets.
- CFTC — The Commodity Futures Trading Commission, the agency that makes rules for commodity markets.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (3,347 characters) on Aug 5, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,206 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
As of — page rendered 2026-09-17.
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